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TruAlt Bioenergy IPO: Price Band Set at ₹472-496 for ₹839-Crore Public Offer

TruAlt Bioenergy, a Bengaluru-based leader in the biofuels sector, has announced the price band for its ₹839-crore Initial Public Offering (IPO). The IPO, set to open for subscription on September 25, 2025, and close on September 29, 2025, offers investors an opportunity to tap into India’s growing renewable energy market. With a price range of ₹472 to ₹496 per share, the company aims to raise significant capital to fuel its expansion and innovation in sustainable energy solutions.

TruAlt Bioenergy IPO Details

The IPO comprises a fresh issue of shares worth ₹750 crore and an Offer-for-Sale (OFS) of 18 lakh shares by promoters, valued at approximately ₹89.28 crore at the upper price band of ₹496. This brings the total issue size to ₹839.38 crore. The funds raised through the fresh issuance will be utilized for:

  • Establishing multi-feed stock operations to enhance production capabilities.

  • Debt repayment to strengthen the company’s financial position.

  • General corporate purposes to support operational and strategic growth.

Investors can participate in this IPO to gain exposure to a company at the forefront of India’s biofuel revolution, particularly in ethanol production.

About TruAlt Bioenergy

Based in Bengaluru, TruAlt Bioenergy is a prominent name in India’s biofuels industry, specializing in ethanol production. The company has established itself as a key player by leveraging innovative technologies and sustainable practices. TruAlt is now expanding into second-generation (2G) ethanol production, utilizing surplus bagasse—a byproduct of sugar production—as a raw material. This move aligns with global trends toward cleaner, renewable energy sources and positions TruAlt as a leader in sustainable biofuel innovation.

The company’s focus on multi-feed stock operations allows it to diversify its raw material base, reducing dependency on single feedstocks and enhancing production efficiency. This strategic diversification, combined with India’s push for renewable energy, makes TruAlt Bioenergy a compelling investment opportunity.

Why Invest in TruAlt Bioenergy IPO?

The TruAlt Bioenergy IPO comes at a time when India is prioritizing renewable energy to meet its sustainability goals. Here are some reasons why this IPO could be an attractive investment:

  1. Growing Demand for Biofuels: With increasing global focus on reducing carbon emissions, biofuels like ethanol are in high demand. TruAlt’s expertise in ethanol production positions it to capitalize on this trend.

  2. Innovative 2G Ethanol Technology: By utilizing bagasse, a byproduct of sugar production, TruAlt is pioneering sustainable practices in the biofuel industry, ensuring long-term growth potential.

  3. Strong Financial Strategy: The IPO proceeds will be used to reduce debt and expand operations, strengthening the company’s financial health and scalability.

  4. Aligned with Government Initiatives: India’s push for ethanol blending in fuel (e.g., E20 policy) creates a favorable market for TruAlt’s products, ensuring steady demand.

Key Dates and IPO Structure

  • IPO Open Date: September 25, 2025

  • IPO Close Date: September 29, 2025

  • Price Band: ₹472–₹496 per share

  • Issue Size: ₹839.38 crore (₹750 crore fresh issue + ₹89.28 crore OFS)

  • Lot Size: To be announced (check with the company’s prospectus for details)

Investors should review the Red Herring Prospectus (RHP) for detailed information on the IPO, including lot size, allocation for retail investors, and other terms.

Market Outlook for Biofuel Investments

The global biofuel market is expected to grow significantly, driven by rising environmental concerns and government policies promoting renewable energy. In India, the government’s Ethanol Blended Petrol (EBP) program aims to achieve 20% ethanol blending by 2025, creating a robust demand for ethanol producers like TruAlt Bioenergy. Additionally, the company’s focus on 2G ethanol production positions it to benefit from advancements in green technology, making it a forward-thinking player in the industry.

How to Apply for TruAlt Bioenergy IPO

Investors can apply for the TruAlt Bioenergy IPO through:

  • Online Platforms: Use trading accounts with brokers like Zerodha, Upstox, or other platforms supporting IPO applications.

  • Bank ASBA: Apply through your bank’s Application Supported by Blocked Amount (ASBA) facility.

  • Registrar: Check with the IPO registrar (details to be provided in the RHP) for offline application options.

Ensure you have a demat account and sufficient funds in your linked bank account to apply. Retail investors should confirm the minimum lot size and application process before subscribing.

Conclusion

The TruAlt Bioenergy IPO presents a unique opportunity to invest in a company driving India’s renewable energy future. With a focus on sustainable biofuel production, innovative 2G ethanol technology, and a strategic use of IPO proceeds, TruAlt is well-positioned for growth in the rapidly expanding biofuel market. Investors looking to diversify their portfolios with exposure to green energy should consider this IPO, keeping an eye on the subscription window from September 25 to September 29, 2025.

For more details, refer to the Red Herring Prospectus or consult your financial advisor to make an informed investment decision.

Disclaimer: Investing in IPOs involves risks. Conduct thorough research and consult with a financial advisor before making investment decisions.

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